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ORDINANCE NO 10,781
AN ORDINANCE AMENDING SECTION 12 OF ORDINANCE ND.
10045 AS AHMDED; REVISING FARE STRUCTURES FOR PUBLIC
TRANSPORTATION IN THE CITY OF LITTLE ROCK; AND FOR
OTHER PLTMSES.
BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTZ
ROCK, ARKANSAS:
SECTION 1. That Section 12 of Ordinance No. 10045 as
amended is hereby amended to read as follows:
"SECTION 12. In consideration of the various obli €a-
t:.ons and duties to be performed by the Company, it all
be entitled to collect such fares and charges as may, from
tNrw,e to time, be fixed by the City Council, which fares
shall be sufficient and adequate to provide a reasonable
rate of return on its investment, after paying all operating
e:meseg, taxes, maintenance, depreciation, and amortization
of its property and investment, and any ether proper cherges
levied against said Company. The fares which may be ch- arged,
imt it such time as they may be changed by the procedure as
set out above, shall be as follows:
Children(under 12 years of age) .074;
School Children .100
Adults - cash .17t
or six (6) tokens $1.00 j
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Any person boarding the South Highland bus
south of Twentieth and Pine Street shall
only be required to pay one fare for the
purpose of riding the bus to town."
SECTION 2. The above fares shall be effective 30 days
after passage and approval of this ordinance and will be sub -
ject to review on January 1, 1959, to determine whether this
fare structure will be permanent, and if not changed after
review, said fare structure will be considered a permanent
increase.
SECTION 3. All ordinances and parts of ordinances in con-
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flict herewith are hereby repealed and this ordinance still
be effective 30 days after its passage and approval.
PASSED: April 28, 1958
ATTEST: APPROVED:
ing City
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